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Open Banking in the Middle East: Time is of the essence

Accenture

This is the first in a series of in-depth thought leadership pieces on Open Banking in the Middle East. This one explains Open Banking and outlines key considerations for the Open Banking journey. Subsequent pieces will focus on the business case for banks in the region and lay out the actions they need to takeā€¦.

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5 Actionable Insights From 2Q 2022 Bank Earnings

South State Correspondent

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. Fees at banks dropped, primarily driven by mortgage operations, and net interest margin increased by approximately 25 basis points to 3.12%.

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SMBs Remain Hot Spot For Open Banking Business Models

PYMNTS

still failing within the first five years, open banking is a great opportunity to help more small businesses in the U.K. Although SMBs may not be aware of the technological business models behind it, the open banking trend is expanding in the U.K. Eika Group, EedenBull Team for Banks. ā€œCash flow remains the No.

Fintech 132
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How Middle Eastern Merchants Can Keep Up With Pandemic-Driven Privacy, Payment Shifts

PYMNTS

Consumers around the globe have moved their purchasing online during the pandemic, and those in the Middle East and North Africa (MENA) region are no exception. The regionā€™s financial institutions (FIs) and merchants have needed to work swiftly to support unprecedented levels of digital payment and shopping growth.

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Top 5 Customer Development Posts of 2021

FICO

The most popular posts in our Customer Development category dealt with credit card payments, open banking, trends for financial services and small business lending ā€” as well as FICOā€™s listing as a top risk management firm. The US is currently trending towards exceeding Canada for percentage of accounts missing two payments.

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With PSD2 Weeks Away, Banks Realize Not All Their Problems Can Be Solved Via API

PYMNTS

With Europe just weeks away from PSD2 coming into effect, banks across the region are gearing up to get on-board with one of the regulation’s main objectives: to promote open banking and stir up competition and innovation in the financial services market. the banks weren’t having it.

Fintech 164